Why does Inflation matter to Retirees?

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A Message from Edge Investment Solution’s Damon Walker:

Source: Edge Investment Solutions BLOG July 13 2020
Why does Inflation matter to retirees?

Over the last few years, the inflation rate in the United states has been fairly low. The average consumer Price Index (CPI) has been 2.1% in 2017, 2.4% in 2018, and 1.8% in 2019. Though the general economic outlook on inflation by the Federal Reserve is relatively stable, when you take a closer look at the economic data and potential impact of inflation on retirees, inflation and rising costs are a bigger concern for those in retirement than the general population.

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